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body was buried there. >>steve: straight head, he vowed not to raise taxes and his state is thriving. now louisiana governor jindal says he wants to share his tips with our present. brian's exclusive interview with that man interview with that man next. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. fox our financial advice is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] [ male announcer ] life brings obstacles. usaa brings retirement advice. call or visit us online. we're ready to help. learn more with our free usaa retirement guide. call 877-242-usaa. it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets bra
." -- please tax me more." we have gotten so desperate in this area that we are talking about, perhaps because we cannot make a policy decision on this and have not since the early 1990's on the federal level, maybe we need to go to indexing of the fuel tax. >> you are talking like infrastructure, not to pay for subsidies, right? >> what we need is more infrastructure, and that is a public good, and it needs to be paid for, and generally with tax revenues. i do not think anybody is faulting that. i think it is sold that we need higher fuel tax, and we can use that either to reduce the deficit or to pay for something else. it was designed -- or intended -- whether it has done so successfully or not, it was done to pay for infrastructure. >> absolutely. we are not real happy about that. >> john, what are you hoping for next week? >> for some reason, i have not been consulted on that. the president in the campaign said he was 4 and all of the above energy policy, so let's have some announcements that support that -- he was for an " all of the above" energy policy. let's move forward with the thin
. they are simply willing to spend money. they gave tax cuts and never paid for them. in the end they have eroded the revenue of the government. some of it is coming back. the wars are winding down. the economy is picking up. but there is a real health care problem that we have to deal with at some point. it will take some revenue. you cannot just do it by magically saying that it will fallout of the sky. you cannot cut enough to get the debt down without talking about revenue. i think it they did a little bit here at the end of january 3. everyone gave the office and will not give again. host: this editorial from "usa today," de say that it is not a spending problem -- but "usa spend money. today," others, saying that it is. guest: let me explain. the average cost spent on a senior citizen in medicare is flat. it went up 0.4% last year. it is flat spending. the fact is that beginning in 2011, all the children born after the second world war, the so-called baby boomers, are coming on. when i came to congress in 1989 there were 35 million seniors on medicare. 30 million people altogether. we have
.6% to 58.6%. >> they want their payroll tax cut. >> declined december to january. >> they want the payroll tax cut, no wonder. >> the big picture job numbers that came out try were encouraging but even business experts were looking at the big picture and seeing the economy in job growth has been sluggish and terribly sluggish for a really long time. still hovering around 8% up employment. when is this going to end? no one sees it ending soon. that is bad news overall. >>> what do you think mort? >> i think the she remains weak -- economy remains weak. as pat was saying. $25 billion a week in terms of deficit spending trying to boost up the economy. secondly, $85 billion a month, coming out of the federal reserve, the loosest monetary policy we have ever had. we can barely get the economy to grow. it was 2.4% last year, then 1.8%, if that, maybe even less this year. despite all the stimulus. so the economy is continuing slow, it is not even staying flat. >> so you are saying we are in for several quarters of low growth? >> we hope it is going to be several quarters of low growth. anything c
's new regulations or his tax increases and therefore it is all the more difficult for them to expand their businesses and create jobs in america. to add to the uncertainty, the president's proposed sequestration is set to take effect this march. despite his promise, his promise to the american people that it would never actually happen, the president has yet to take any steps to undo this harmful measure. he has shown absolute indifference to the millions of americans whose livelihoods will be severely impacted by his sequestration. house republicans have twice passed legislation to replace the president's sequester with commonsense reforms that will reduce spending, preserve and strengthen our safety net for generations and preserve our national defense. this week the house will pass a budget but it will be a responsible budget that will balance. one that will aim to grow the economy, drive down unemployment, expand opportunity and prosperity for the private sector and ensure that america maintains its leading role in the world as a strong national defender. americans can do this. w
in it, we don't tax you think about it. it is as if because we know it was awful, we can somehow pretended was not part of american culture. >> and early 20th century -- eugenics, in early 20th century. >> "washington journal" continues. michael're back with burgess, a republican and vice chairman of the energy and commerce subcommittee. thanks for talking to our viewers. guest: thanks for having me. host: republicans are saying to avoid the automatic spending cuts, we need entitlement reform on the table. president obama said yesterday if we cannot agree to something long-term like entitlement reform, let's do something short-term. do you agree? guest: no. president obama should be talking about the next sequester, because this one is happening. it was postponed to march 1 on the first and january. this is a promise that we made, the congress and the president made to the american people in order to get our fiscal house in order if we could not come up with the cuts, the savings to do that, these cuts would be automatic. host: you are ok with them? guest: i don't like it. the re
's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s
in their paychecks because of this payroll tax. >> that is a real concern, right? so americans are continuing to feel the pain of the economic recovery being very slow. the bottom line is the bureau of economic analysis said the shrinking economy is a cause by a reduction in government spending. so the president is drying to say look we have to get stimulus into the economy. we need to get everyone back to work. that is caused by more spending not less spending. >> the democrats have proposed you cannot spend your way into prosperity. nor you can't tax people into prosperity. what you need to do is let the free markets take control. and basically in washington, d.c., we have bigger government. the president appointed 32 czars. what are those czars doing? >> czars is just a shortening of their actual title which is normally long in the federal government. i think that bureau of economic analysis saying that the cause of the shrink damage is due to the reduction in spending that's something we need to look at. >> we have reduced spending. >> talking about they are happy to hear the president talking ab
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what this feeling would feel like and what god has showed me and for us
in terms of the kind of things you want to see, cap and trade or perhaps a carbon tax or things like that. china and india continue to add a coal-fired power plant essentially every week. so, do you look at that and say this is -- climate change is going to happen, no matter what at this point? >> well, some climate change is already happening and will continue to happen. the physics of the problem are quite challenging. we put, well, 85% of the energy used by earth inc, it comes from fossil fuels. and the combustion of those fuels results in us putting 90 million tons of heat-trapping pollution into the atmosphere every day, as if it's an open sewer. it does obey the laws of physics. it traps enough extra energy every day to equal the amount in 400,000 hiroshima atomic bombs. and that's what's evaporating much more water off the oceans and filling the sky with a lot more water vapor and these great basins of water vapor in the sky are now filled or overflowing. you get the kind of downpours in my home city in nashville where thousands of my neighbors lost their homes and businesses, had
. there are a lot of tax loopholes that should be closed. i agree with him. we haven't done that. >> like which ones? >> well, oil subsidies. we have issues dealing with shipping jobs overseas. why don't we do some -- fill some of these -- >> i think if my numbers are correct, you do the oil and gas subsidy it might save you something like 25 -- >> no. it's more than that, george. but let's assume because the debt ceiling doesn't kick in till august, i believe that's what we'll have but let's add these together. let's say you're right, 30 billion. but let's -- jobs oversea, we can dial that however we want because it's all -- a huge loss of revenue, corporate jets. all kind of things that are low-hanging fruit. >> you've heard the republican as cross the board here. they're saying they're done with revenues for 2013. >> george, the american people are on our side. the american people don't believe in these austere things. we believe the rich should contribute. we believe we should fill those tax loopholes, get rid of them, i should say, and that's where we need to go. >> that's a debate that's been
raising tax rates? mr. obama makes news in his cbs interview. should scouting be open to gays? and byron pitts tells us how a killer once committed to a mental hospital got a permit by-to-buy 15 guns. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the f.b.i. has stormed an underground shelter today, shooting to death a kidnapper and freeing a five-year-old boy unharmed. the boy, whose first name is ethan, had been held for seven days outside midland city, alabama. the family allowed us to show you his picture. the police say that ethan was kidnapped last tuesday from a school bus by 65-year-old jimmy lee dykes who neighbors have described as belligerent. mark strassmann is on the scene with the breaking news tonight. mark? >> reporter: scott, here's what happened in the final minute. two muffled bangs could be heard behind me in the direction of the shelter. an ambulance that had been parked nearby since the start of the standoff raced up the hill. about a minute later, local deputies and f.b.i. agents were patting themselves on the
the effects of obamacare including the medical device tax that is cutting r&d and causing layoffs across the country in the most innovative firms, the fact that so many people who were intending to no longer going into medicine, thank you, brain drain, a consequence of obamacare, and doctor who were individual practicers are either bailing and retiring all together or going into concierge care. have you heard that term? do you know the people that are shutting down their practices, dropping insurance all together where now only the wealthiest can pay for care. congratulations obamacare. heck of a job. >> stephanie: so we tried to impact that little rice ball of nonsense yesterday. and i got a letter i sent to you. dede rights malkin is right. hey, steph the hospitals systems have brought up the big doctor practices. smaller doctors were not brought into their systems. medicare pays three times the amount that they pay a single doctor. i'm related to a physician. there is going to be a shortage of doctors. i'm very concerned -- blah blah blah. what are your thoughts on
the sierra club about that, and we have a great guest, a multimillionaire, who is saying raise taxes on the rich. don't miss that. and then we have two stories about--one on the cops, and how they're not doing their job in miami. the tape on that is unbelievable. [ sirens ] >> attention all units a 29 just occurred. >> investigators say he never moved. he was tied up with his lady frequent outside of dade land mall. >> cenk: what he didn't respond to is amazing. and then of course the guy who shot two other soldiers because he might have ptsd, he killed the top sniper we ever had. why did he do it, as how bad is ptsd among our troops, you'll find out. it's go time. [ ♪ music ♪ ] >> cenk: boy welcome to the "the young turks." we have an amaying story to start out with. two miami-dade officers fired and three others suspended. why? it's pretty serious stuff. they were not responding to calls that were dramatic. why? [ sirens ] >> attention all units. a 29 just occurred with a gun cash taken. black male with a black hoodie and blue jeans. he need on foot. >> an armed robbery in prog
for their financial well-being. current discussions about tax reform would lead us to expect the policy makers would use the process for the opportunity to strengthen their retirement system and improve its effectiveness. we believe that much can be accomplished by strengthening and building on our existing retirement programs such as social security, employer sponsored plans, financially innovative products incentives for longer work and increased financial education and planning there is new research showing american workers are not saving enough. even at research institutes retirement security projection model for 2012 shows 44% of baby boomers and generation x won't have enough retirement income to cover basic retirement expenses and uninsured health costs. the shortfall the average savings deficit for a single female is little over $133,000. that's the additional amount a single female would on average need to save by age 65 to eliminate the shortfall. the recent economic crisis has made it even more difficult. the low contribution rates and the lack of understanding of the need for the compreh
in this country and jobs but it increases revenue because, you know, think about it. more people paying taxes. you know, that's just good stuff when people are paying taxes. folks are getting educated in america. they are serving in our armed services. they are making our country better and brighter and safer blah, blah, blah, blah, blah blah. why do we need immigration reform? why? it's so important and we will take calls on that too. give us a call on that. taking calls on chuck hagle. twitter is abuzz about chuck. what do you think about this whole immigration stuff? >> it's time to get it done because republicans have finally, gotten on board. i think it's a shame, the time that they deem it's time to get it done. the time to really do it was five years ago. i mean a long time ago. but it's pretty from the parent that republicans realize they have got to get on board because they got their asses handed to them in the last election. the fact that now everybody wants to come to the table and participate, i think it's sad, and i think that it's worth pointin
is there that he put spending cuts on the table. he asked them for them to be paired with tax increases as well. there is more good will than people realize. more agreement that we have such a big budget problem that will we're going to fire on all cylinders. we have to cut spending. frankly, we have raise more revenue. >> you're listening to the california program and our speakers are economic experts. we are discussing national, regional, and global economic challenges. you can find video online. there's a series of questions around employment and job growth. what what is your outlook on job growth? >> i will start. i think -- i will say i was here last year and i'm more optimistic this year than last year. we made a significant amount of progress. it looks like housing prices have started to turn the corner. if you look at household balance sheets we see that consumers have paid down that debt that weighed on them. i think there are reasons to be optimistic. i am fairly optimistic. i think we still have things weighing on us. i think the concern about, are we going to shoot ourselves in the
of the 16th amendment which gave congress the right to levee a federal personal income tax. and this was the first form for filers when the filing deadline was march 1st instead of april 15th and the top tax rate was, get this, 6% on incomes over half a million dollars. now, the original tax act, the piece of legislation was just 15 pages long. to more than 73,000 pages with all the rulings and regulations. now, we can't get rates back to the 1913 levels, but can we try to get back to something simple, straight forward and honest that, once again, would fit on 15 pages. the correct answer to the gps challenge question was "c," the new york fed said at last check 6,700 tons of gold in their vault. that is more than half million bars of the stuff and by our calculations, that's more than $300 billion worth of gold sitting below street level in lower manhattan. all of it is owned by the u.s. government, federal government or the fed's central banks none by the fed itself. by the way, storage is free, but you have to pay to move your gold in and out. so, we'll send you a bill,
for more increases in tax rates. he said that in an interview with cbs news that was broadcast live before the super bowl. mr. obama signed a bill raising rates on higher-income americans last month but this is the first time that he's said that he doesn't intend to extend higher rates to more taxpayers. it's a change from the position that he's held for many months. >> we can't get this done unless we also ask the wealthiest households to pay higher taxes on their incomes above $250,000. >> pelley: that was mr. obama before the election and he made the same points in another way eight weeks ago. >> just to be clear: i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> pelley: but last month he signed a stopgap compromise with congress that raised taxes on families making more than $450,000 a year. as the budget negotiations continue now, we wondered whether he would return to his goal of extending higher rates to families at that $250,000 level. are you through raising tax rates? >> well, i don't think the issue right now is raisin
chair of the payroll tax subcommittee. it matters big time, because what they can do is attach the key stone pipeline legislation to must-pass legislation with the payroll tax. the republicans want him to do that. baucus is in favor of this. the democrats will be really upset if he goes it alone. he's been called mat baucus, the one man caucus. joan hogan the north dakota senator taken money from the energy industry. john horner of texas many taking none less than $400,000. >> there are jobs in montana. the governor of montana wants this, they want the jobs there. they're not paying a lot of attention. we're going to speaking to some people who are may go more attention to the environmental impact of this. there's a watchdog group called oil change international. we're joined today by steve increase man and by a rancher. i ewe up in new york city. gentlemen, thanks for being on "the young turks." >> thanks for having us. >> thank you. >> benjamin, i want to talk about the ranching. what is it about this pipeline and how will it affect your life and the life of people who do what you do
too high taxes and if we would just cut that spending and we would have that big recovery, if that is your theory, and it is pretty much the major theory of the political party this week, then you had a bad week. we got two pieces of bad news, one was bad, one good. one was the economy shrunk in the first quarter of 2012. that is the bad news, the other is that the economy added 157,000 jobs in january. but, and this is actually even more important, it added 127,000 more jobs than we thought in november and december. so altogether, today's jobs report added more than 280,000 jobs. 280,000 to the economy. that is pretty good. but it was what those reports said about the debate we are having in washington that was really interesting. when we measure economic growth, we're not measuring all that many things. it is only four main things, at least in category, there is consumer spending, what you and i buy. there is investment, so factoring in getting a new machine, that was very slightly down. there is trade, the stuff we export, minus the stuff we import. that is a bit down.
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. chuck, you know, the payroll tax holiday went away in january. everyone got their first paycheck in 2013 and said, it's a lot smaller, what's the heck's going on. and that's reflected in the confidence numbers. no one really likes the back-and-forth and vitriol in washington, it makes people nervous, particularly business people. but for consumers what really matters is the paycheck and the paycheck is smaller and they're not really comfortable with that. >> what will it take for the unemployment to get below 6% or in that range, we got to start seeing jobs added, we got to start seeing it in the 300s, in the 400s, in the 500s, when will we see it in this economy? it still feels like treading water. >> i don't think it's in the next three, six numbers, because we have to digest the tax increases and we have more government spending cuts coming. that's going to weigh on growth. my sense is by the end of the year we'll get job growth over 200k and by 2013 when the housing markets is in full swing, it will be 300k, we should be in 300k territory in 2014 and that's when the unemployment will
and tax reform hit a brick on capitol hill. politico reporting that obama's plan dead on arrival, and house speaker john boehner was speaking on capitol hill, right now saying that his party plans to stand with the american people and we want to show you exactly what he had to say about that yesterday. >> on two occasions has passed a plan to replace the sequester. it's time for the senate democrats to do that work. it's time for the president to offer his ideas about how to replace the sequester. >> his first answer to everything is new taxes. and when you think about it, what happened in january, he got $600 billion in new revenue, where were the spending cuts? now again he wants to raise taxes. i think it's time for us to cut spending. >> now with 1,379 days gone since the last time congress passed a budget and with the country poised to take a poison pill of cuts, what will it take? >> not passing a budget is shameful. and now you have the president saying well, i'm against the sequester cuts. well okay, great. well what are you going to replace them with? >> the republicans
of companies paid out dividends in anticipation of tax law changes. also, some companies paid out special bonuses. that did lead to an unusually strong number for december. but, you know, in general, it was a temporary kind of thing. we would not expect those things. host: how did the year look? guest: overall, we had an increase of 3.5% for the year .12. -- 2012. that is a good increase. it is a little below the long- term trends. host: when is a personal income, is that take-home pay or are there several factors associated? guest: there are a number of factors involved. within personal income, we have wages and salaries which account for more than half of the total. we also have small business income, things like rental income and also investment income in terms of interest and dividends and so forth. there is transfer income, social security and unemployment and so forth. there is a variety of types of income. it is an all-encompassing. host: a boost as far as money is concerned. what does that say overall, not only from how people personally did but how does it into the economy? guest
, or a suggestion that we need to impose a carbon tax, because that is designed to increase the costs. in my state of alaska, in a community like [indiscernible] a you come community on the river, they pay $6.90 for their diesel. that is how they heat their homes. when you suggest to them that the best thing to do is increase the price to decrease consumption, i do not know what the temperature is there this morning, but last week in the interior temperatures range between 45 degrees below zero and 50 degrees below zero. i cannot go back to alaska and tell people that the way that we tackle this is to increase your prices, demanding you to use less and limit your choices. that is not what a strong nation does. what a strong nation does is figure out how we advanced to the next stage, how we build out these clean technologies and diverse technologies that will allow us to do your choices. more and do it in a clean and environmentally responsible way. raising our energy costs, imposing the mandates, other heavy handed ideas but are out there for reducing greenhouse gas emissions, they will not pass.
of a tax -- of disclosure. michael bennett, senator from colorado, happens to be a brother of our editor in chief, james bennett. you would think that would be great access, but it is a hurdle. they do not dislike each other, but they are so careful about not mingling interests of what got you here today was the talk about immigration. i thought about getting all of you together, but you have slightly different takes. you are a member of the group of eight. maybe it is not a group of 7.5, depending how senator menendez is doing. >> we will see. >> in the question of how the white house -- even today, the president said at the democratic house retreat that he is heartened by democrats and republicans both seem to take this seriously. politics may not be easy. there are regional variations in the country. there is youth and dynamism. i love you in your group of eight role. also sharing your work with the colorado compact. talk about the michael bennett vision of what we need to do to achieve immigration reform. >> if i can, let me take you to colorado on this issue. that is where my intere
. twitter is not alone. other major u.s. companies are reporting cyber at tax. what's behind all of this? an expert coming up. >>> a man tasered right in front of buckingham palace. why police say they needed to stop him from reaching the gates. jenna: quick look for you now at some of the stories coming up new next hour including this one. the week really getting off to a snowy start for people across the midwest. we'll take a look where the latest blast is heading next. >>> also a big show of force as the united states and south korea kick off a new round of war games but there are rising concerns that north korea is preparing for a new nuclear test that has a lot of folks worried. >>> scientists say a skelton found under an english parking lot is indeed that of the king richard the iii. jon: what? jenna: come on. how they solved a 500-year-old mystery they say and what the remains may tell us how the ruler died. a parking lot. jon: what is he doing under there? huh. a frightening scene right right now side buckingham palace in london. guards were forced to use a taser to stop a guy ar
is not the issue, it is chuck hagel. his problem is not some tax, it is knowledge, elementary knowledge. he spoke about the government of iran as illegitimate the elected government. we know that the rolutn of 2009 was part byhe ft tha it was a rigged election, an illegitimate economy. the clip i wanted you to show was the one in which he said, he was asked about the policy of containment. it was not a bad during issue. he says, yes, i support the administration's policy of containment. he then gets a note that says, i have been told that i made a mistake. of course i am not in support of that. a policy of this administration on containment is that it does t have a policy of containment. at whi poi democratic senator levin had to rescue him and said, in fact, the administration has a policy of containment, and it is to oppose it. he was clueless. >> colby? >> he was in the position where he had to dodge a little bit. let's go back to the exchange with senator mccain on the surge. the issue was never the surge when you talk about iraq. the issue, as senator nelson from florida said, going into ira
much too fast? >> so the answer should be another stimulus package, tax cuts, more government spending? >> there are people who argue that. gwen: there's no political appetite for it. >> it is not going to happen. what kruger is talking about, the president's economist is let's not cuts too fast. the only way we could get anything that resembles stimulus if we got a long-term spending thing but that looks unlikely. >> there was criticism by the republicans this week over the white house's decision to disband -- disband the president's jobs council. what was this and what difference does it make? >> i don't think it makes any difference at all. i love republicans criticizing the president for disbanding something they said didn't do anything in the first place. it seemed like it was an act of political theater that had run its course. the president hadn't met with them over a year. it never had any purpose other than p.r. gwen: now just another blue ribbon commission. >> even worse. >> there was a lot of talk on capitol hill this week about the upcoming budgets cuts and whether or not t
is the biggest obstac toll private-sector job growth in america right now. he seem, to we can tax, spend and regulate ourselves to prosperity. the private sector is asking for certainty. because the president doesn't want to pass a budget or modernize spending for bietlements. he is the big issue. it is up to him to take a long look in the mirror. i agree that congress has played a role. he needs to stop worrying about destroying republicans and start worrying about growing the economy. >> eric: joe, is that true? is he the biggest obstacle? >> the president is the steward of the overall economy. but both leaders of both parties have to look themselves in the mirror and they do -- look. there are two issues to focus upon, very pragmatic. the first is the star runningback. small businesses. a few years ago, we us to have 36 new small businesses that create 60% of all new jobs for every 10,000 citizens. today, we have 18, exactly half new businesses starting up each year. we should relieve small businesses of tax costs, they create the jobs for the spectators in the stadium. number 2, the
tax. part of austerity measures put in place by the government to reduce the massive debt. he promised sweeping tax cuts if he wins next month's election. >> i will be fighting a next great battle to extend freedom and held it in a state of the gloomy prospect for upon it. >> in terms of economic crisis, people often turn to sports for well-being. think both sea biscuit. even when -- increase even the oldest football club is falling victim to recession. die-hard fans may not be enough to save the team from financial failure. >> the team is everything to these fans. they call it an addiction, a sickness, but lately it is the team itself that is sick. some of the best players have signed up with rival teams. the rest are unhappy, and they are losing matches in the closing minutes through what seems like carelessness. >> they continue to have strong players with expensive contracts. we are going to try to reduce their contract to make the team viable. we are talking about 50%. otherwise they will go bankrupt. >> like the rest of greece, they are cutting down on expenses whenever they kare
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